Rocky Brands Inc (NASDAQ:RCKY) Director James L. Stewart sold 3,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $28.50, for a total value of $85,500.00. Following the completion of the transaction, the director now owns 13,421 shares in the company, valued at approximately $382,498.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ RCKY traded down $0.06 during mid-day trading on Friday, reaching $28.03. The company had a trading volume of 18,827 shares, compared to its average volume of 32,938. Rocky Brands Inc has a one year low of $19.80 and a one year high of $33.45. The stock has a market capitalization of $208.46 million, a P/E ratio of 14.91 and a beta of 0.38.

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The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, February 28th. Rocky Brands’s payout ratio is 25.53%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Rocky Brands by 2.4% during the fourth quarter. BlackRock Inc. now owns 684,537 shares of the textile maker’s stock valued at $17,799,000 after purchasing an additional 16,067 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Rocky Brands by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 626,747 shares of the textile maker’s stock worth $17,737,000 after acquiring an additional 6,541 shares during the period. Vanguard Group Inc. lifted its stake in shares of Rocky Brands by 2.5% in the third quarter. Vanguard Group Inc. now owns 326,219 shares of the textile maker’s stock worth $9,232,000 after acquiring an additional 8,007 shares during the period. Vanguard Group Inc lifted its stake in Rocky Brands by 2.5% in the third quarter. Vanguard Group Inc now owns 326,219 shares of the textile maker’s stock valued at $9,232,000 after buying an additional 8,007 shares during the period. Finally, LSV Asset Management lifted its stake in Rocky Brands by 4.5% in the fourth quarter. LSV Asset Management now owns 214,032 shares of the textile maker’s stock valued at $5,564,000 after buying an additional 9,132 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on RCKY shares. Zacks Investment Research cut Rocky Brands from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. ValuEngine cut Rocky Brands from a “buy” rating to a “hold” rating in a research report on Monday, February 4th.

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